Shandong New Beiyang Information Technology Co.,Ltd.’s Net Profit Dropped 74.9% in First Three Quarters of 2023

Shandong New Beiyang Information Technology Co.,Ltd. (山东新北洋信息技术股份有限公司) (002376.SZ) reported a net profit of 10 million yuan in the first three quarters of 2023, down 74.9% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 5.3% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 37%.